Honasa Consumer Limited (HCL), Mamaearth’s parent is set to launch an IPO on 31st Oct 2023

HCL filed for a DRHP to SEBI on 28th Dec 2022, after receiving a Unicorn status earlier that month.

SEBI Green Light

 At a valuation of INR 10,500 Cr, HCL aims to raise approximately INR 1,700 Cr

Valuation & Prospectus

The offering will consist of a mix of INR 400 Cr fresh issue of shares & an offer for sale of up to 46,819,635 equity shares

Offering Structure

HCL IPO is being handled by Kotak Mahindra Capital, JM Financial, Citi, JP Morgan, Cyril Amarchand Mangaldas, IndusLaw, and Khaitan & Co.


Proceeds from IPO will be used to boost marketing, open new exclusive brand outlets, and expand the BBlunt salon network.

Use of Fresh Issue

Hosana aims to expand Mamaearth's presence by partnering with local channels in Bangladesh, Malaysia, Vietnam, and Thailand.

Mamaearth Overseas Expansion

In this highly volatile market, how will the HCL IPO perform? Swipe Up to learn more!